In this morning’s edition of The Macro Show, Hedgeye CEO Keith McCullough discussed the massive move upwards in Rent Expectations, and what it means for inflation going forward.
"This is probably the highest [rent] expectations you're going to see. And housing is a third of the CPI Number! Transitory is the most B.S. word ever created by the establishment.
This is TRENDing inflation (and most importantly, inflation expectations). This gets you off your a** so you can pay your rent,” explains McCullough, he highlights why inflation will (continue to be) trending.
“The people are going to be, and already are, pissed. And the Fed is dead wrong; and eventually they’ll just fall on their sword.”
